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May 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Pierre, Business Loans > American State Bank Pierre Business Loans > Warm Air Heating And Air-Conditioning Equipment And Suppplies Wholesalers Loan | ||||
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SBA Lender Rapid City South Dakota
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American State Bank Gives Small Business Loan to Warm Air Heating And Air-Conditioning Equipment And Suppplies Wholesalers CompanySBA loans in South Dakota are tough to come by these days. We take a look at one South Dakota SBA loan, provided by a South Dakota bank, that was approved by the SBA. You can learn something about getting a small business loan in Rapid City, South Dakota by studying this loan to a local business, made back in 2002. Banks like American State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: WARM AIR HEATING AND AIR-CONDITIONING EQUIPMENT AND SUPPPLIES WHOLESALERS SBA Loan Lender AMERICAN STATE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421730 - Warm Air Heating and Air-Conditioning Equipment and Suppplies Wholesalers Loan Approval Date 5/13/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in Pierre, South Dakota Getting an SBA Loan in South Dakota
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